Question
Short run profit max Consider y = [1/2k1/3 Find the optimal input level, optimal output level, and profit of the following production function: y
Short run profit max Consider y = [1/2k1/3 Find the optimal input level, optimal output level, and profit of the following production function: y = [/2k/3 Let price of the output = $10, wage = $2, price of capital = $2, capital fixed at k=1.
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Microeconomics An Intuitive Approach with Calculus
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